TerraCRG Brokers Acquire Industrial Property In Red Hook For $8M
SOLD
$8,000,000
New York
See Similar DealsIndustrial17,900 SF
Sold 09/15/2022
SOLD
TerraCRG Brokers Acquire Industrial Property In Red Hook For $8M
238 Conover Street, Brooklyn, New York 11231, United States
See Similar DealsIndustrial17,900 SF
Sold 09/15/2022
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$446
Total Square Footage:17,900 SF
Transaction Type:Sale
238 Conover St. in Red Hook has been sold for $8,000,000. The industrial property spans 17,900 square feet, resulting in a price per square foot of $446. The transaction was facilitated by TerraCRG, with brokers Dan Marks, Daniel Lebor, and Jackson O'Neill representing the parties involved.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $8,000,000
- Address: 238 Conover St.
- Market: Red Hook
- Square Footage: 17,900
- Price per Square Foot: $446
TerraCRG played a crucial role in the sale of 238 Conover St. Dan Marks, Daniel Lebor, and Jackson O'Neill served as the brokers representing the buyer and seller. The deal showcases the expertise and professionalism of TerraCRG in the industrial property market.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$426,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
Annual Debt Service$455,088.98
Is there something missing? Send suggestions